Title page for ETD etd-03252010-134418

Document Type Master's Dissertation
Author Moliea, Hulisani
URN etd-03252010-134418
Document Title Stokvels as alternative microfinance institutions : conversations with women from Venda
Degree MBA
Department Gordon Institute of Business Science
Advisor Name Title
Mr C Jonker Supervisor
  • informal sector
Date 2008-04-03
Availability unrestricted

Stokvels have been around in South Africa for many years and they are a way that people motivate each other to save. The study explored the operations of stokvels in order to identify features of stokvels that make them successful and why they remain popular in Black communities even with people who have access to formal financial institutions. The study further explored if there were gender preferences for stokvel groups and the reasons thereof.

Exploratory research in the form of three focus groups was conducted with women stokvels in Venda in the Limpopo province, South Africa. All the groups have been in existence between seven and thirty years. The women were asked questions to determine why they choose to participate in stokvels and also what it takes to make the groups successful.

The study found that the success of stokvels is that they are driven by a purpose which is beyond money, they exist to assist the members improve their lives. The members take the rules seriously because they do not want to disappoint each other. Trust and social capital were found to be critical in ensuring success. The women said that stokvels forced them to save through peer pressure, and they appreciated the relationships that they were able to foster in the stokvels. Those who had no access to formal financial institutions found that the stokvels gave them access to funds that they would not otherwise have thereby making it possible for them to achieve a higher standard of living. Women were found to prefer other women as members in their stokvels groups.

2007 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria

Please cite as follows:

Moliea, H 2007, Stokvels as alternative microfinance institutions : conversations with women from Venda, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-03252010-134418/ >


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